Norway increases Barents Sea surveys / News / The Foreigner

Norway increases Barents Sea surveys. The Norwegian government announces it plans to extend its seismic surveys in the Barents Sea further northwards. Explorations began last July after 2010’s Norway-Russia Maritime Line of Delineation Treaty came into force. The government is to spend approximately 150 million kroner in the hunt for hydrocarbons, which will run into 2013.  Prime Minister Jens Stoltenberg says the survey has been a success so far, telling delegates gathered at this week’s Oslo Energy Forum, “The survey will provide us with important knowledge about possible oil and gas resources in the area. The area near the maritime delimitation line between Norway and Russia may contain significant oil and gas resources."

norwayseismicsbarentssea, osloenergyforum



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Norway increases Barents Sea surveys

Published on Thursday, 9th February, 2012 at 14:59 under the news category, by John Price   .
Last Updated on 9th February 2012 at 15:21.

The Norwegian government announces it plans to extend its seismic surveys in the Barents Sea further northwards.

Jens Stoltenberg, Helsingborg (illus. ph.)
Jens Stoltenberg, Helsingborg (illus. ph.)
Photo: Håkan Dahlström/Social Dems.


Explorations began last July after 2010’s Norway-Russia Maritime Line of Delineation Treaty came into force. The government is to spend approximately 150 million kroner in the hunt for hydrocarbons, which will run into 2013. 

Prime Minister Jens Stoltenberg says the survey has been a success so far, telling delegates gathered at this week’s Oslo Energy Forum, “The survey will provide us with important knowledge about possible oil and gas resources in the area. The area near the maritime delimitation line between Norway and Russia may contain significant oil and gas resources."

“As a result of the maritime delimitation treaty, which entered into force last summer, Norway and Russia are now able to explore these opportunities. This creates new possibilities for employment and growth in the High North,” he said.

At the same time, Russian state oil company Rosneft has been granted three production licenses covering most of the formerly disputed area in their waters.

Discounting a Barents race, Norway’s PM stated, “The historic treaty signed by Norway and Russia last year provides for continued excellent relations between neighbours and good resource management in the Barents Sea”.

Nevertheless, Norwegian authorities must have geological data of areas further north in the event of any trans-boundary oil deposit discoveries.

“The Norwegian Government is now stepping up our geological surveys in the Barents Sea to safeguard our interests in accordance with the Treaty on Maritime Delimitation,” said Petroleum and Energy Minister Ola Borten Moe.

Norway’s military has already expressed an interest for Arctic drones to improve surveillance facilities over the Barents Sea.

(Photo attribution: Håkan Dahlström)



Published on Thursday, 9th February, 2012 at 14:59 under the news category, by John Price   .
Last updated on 9th February 2012 at 15:21.

This post has the following tags: norwayseismicsbarentssea, osloenergyforum.





  
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